To woo homebuyers ahead of the festive season, private-sector lender ICICI Bank announced the launch of a new home loan scheme, under which the bank will give 1 percent cashback to borowwers on every EMI for the entire tenure of the loan.

The Reserve Bank of India recently cut its repo rate by 25 bps in its August Monetary Policy announcements, which implies that banks, financial institutions, and housing finance companies are expected to either lower or maintain their lending rates.

Finnish handset maker Nokia, which is selling its devices and services business to Microsoft, will borrow $1.97 billion from the US software giant to pay off loans taken to acquire the stake held by Siemens in their joint venture NSN.

There is a growing population of entrepreneurs seeking freedom from regular jobs and setting up own businesses. If you, too, hate working for others and have an idea for a marketable product or service that you are passionate about, it is a good time to start your own venture.